Beijing-based Chinese short-term lodging sharing platform XiaoZhu.com has received US$15 million series B financing, led by Legend Capital, according to Chinese media reports. Existing investor Morningside Venture Capital also participated. The company, which aspires to be China's Airbnb, previously received series A funding from Morningside. Launched in August 2012, Xiaozhu has operations in 13 Chinese […]

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Beijing-based Chinese community Q&A website Zhihu has received US$22 million series B financing led by SAIF Partners, according to Chinese media reports. The latest round values Zhihu at over US$100 million. Previously, Zhihu received an undisclosed amount of angel investment from Kai-Fu Lee, CEO of Innovation Works in 2011. It received series A financing of […]

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While the debate about a technology bubble is gaining popularity in the U.S., Chinese venture capitalists haven't the time for bubble talk. They are busy injecting money into the hottest tech companies at an unprecedented speed and making technology venture investments on track to set a new record by a large margin in 2014. The […]

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The author is ANZ greater China chief economist Liu Li-Gang The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBoC) announced new measures to promote RMB business in Singapore. The announcement materializes the financial cooperation pact signed by Singapore and China in 2013. The architecture of the announced measures resembles a similar […]

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China's State Council unveiled plans to push consolidation of its baby-formula milk-powder industry, in a drive to shore up consumer confidence in domestic brands and to ensure food safety, according to an announcement released by the Chinese government's official website. The government says its objective is to establish 10 large milk-powder manufacturers with annual revenue […]

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Beijing-based Chinese Internet loan intermediary platform 91JinRong.com has raised around US$10 million in series B financing from Lightspeed Venture Partners, according to Chinese media reports. The company previously received US$9.6 million series A financing from investors including China Broadband Capital (CBC), reportedly valuing the company at US$80.5 million. It received undisclosed amount of angel investment […]

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Beijing-based Chinese Internet loan intermediary platform 91JinRong.com has raised around US$10 million in series B financing from Lightspeed Venture Partners, according to Chinese media reports. The company previously received US$9.6 million series A financing from investors including China Broadband Capital (CBC), reportedly valuing the company at US$80.5 million. It received undisclosed amount of angel investment […]

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China Mobile is focusing on better customer support as it integrates its disparate services into an online platform at two provincial call centers. A representative from China Mobile confirmed that the company will establish a business support organization targeting customer services. The online service company will integrate China Mobile's 10086 and 12580 hotline businesses, and […]